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4202 S Western Avenue Chicago, IL $ 385,000
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$ 385,000 Get more info
4202 S Western Avenue
$ 385,000
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Share Save

4202 S Western Avenue

Chicago, IL, 60609
$ 385,000
Baths0.0

Monthly Estimate*

$ 2,559

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Studio

Commercial Property for sale in Chicago, IL

for $385,000. This building was built in 1918 on a lot size of 0.067057.

Check out this solid brick building in the busy South Western Avenue area of Chicago. It's a great investment with a shop on the ground floor that catches lots of foot traffic. There's also a cozy studio apartment that's been updated for comfort. Upstairs, you'll find Single Room Occupancy (SRO) units that are all set according to city rules, making it a safe bet for you and a reliable place for tenants. These SRO units are almost full, bringing in $2,405 a month. Plus, the studio and the shop each add $900 a month to your earnings. ($4205/m Total) This property is in a neighborhood that's getting more valuable, so it's not just a buy; it's a smart move for growing your investment. With a strong income stream, it stands out as a great choice for anyone looking to invest in a growing area. Come see why this property could be a key part of your investment future. Book your visit today!

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Commercial Active

Price

$ 385,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 3,238

Style

Lot Size

0.067057

Year Built

1918

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12013790
Features
General
Cooling None
Year Built 1918
Electric Circuit Breakers Service - 101 to 200 Amps
Tenant Pays Other
Stories 2
Township South Chicago
Property SubType Apts/Stores
Tax Year 2021
Gross Income 47200
County Cook
Net Operating Income 34072
Operating Expense 13072
Insurance Expense 2400
Property Type Commercial Sale Mixed Use
Status Active
Directions Take Western Avenue South to the property store front entrance.
City Chicago
Total Units 3
MLS Area CHI - Brighton Park
Lot Size Square Feet 2921
Street Name Western
Tax Annual Amount 3238
Electric Expense 1800
Fuel Expense 2400
Trash Expense 1200
Water Sewer Expense 1200
Additional Parcels Y/N N
Days on Market 57
Standard Status Active
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Exterior
Lot Dimensions 25X125
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Interior
Street Suffix Avenue
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* Excluded Features
List By
First Midwest Realty Llc

Broker

Richard.Harnik@teamelite.realestate;richard.harnik@teamelite.realestate

Email

Affordability Calculator

$2,829
Per Month
90%
10%
0%
Monthly Principal & Interest
$2,559
Monthly Property Taxes
$270
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/16/2024$385,000 -3.75% Price Down
3/28/2024$400,000 -5.88% Price Down
3/26/2024$425,000 Listed Price

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4202 S Western Avenue, Chicago, IL, 60609 is a Commercial Property for sale at $385,000 with a lot size of 0.067057. 4202 S Western Avenue is a studio with 0.0 baths and was built in 1918. The property's zip code is 60609 which is in Chicago, IL

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